China News Service, October 25th. The "China Banking and Insurance Regulatory Commission" WeChat public account released an article on the 25th entitled "Unswervingly Promote the High-quality Development of the Property Insurance Industry and Actively Serve the Construction of a Powerful Socialist Modern Country", which mentioned that the China Banking and Insurance Regulatory Commission has since Since 2012, focusing on solving difficult problems such as "high insurance and low compensation" and "no liability and no compensation", which are strongly reflected by the masses, the auto insurance reform has been carried out successively.
On the basis of summarizing the previous reform pilots, the China Banking and Insurance Regulatory Commission will implement the "Guiding Opinions on Implementing Comprehensive Reform of Auto Insurance" nationwide on September 19, 2020.
Since the implementation of the reform, the phased goals of "reducing prices, increasing guarantees, and improving quality" have been basically achieved, and the majority of consumers have received substantial reform dividends.
According to the article,
as of the end of June 2022, the average car insurance premium for consumers was 2,784 yuan, a sharp drop of 21% compared with before the reform, and 87% of consumers’ insurance premiums decreased, reducing spending for auto insurance consumers by more than 250 billion yuan.
The level of protection has been significantly improved. Under the condition that the price remains unchanged, the amount of compulsory traffic insurance coverage has been increased from 122,000 yuan to 200,000 yuan; the average insured amount of commercial third-party liability insurance for motor vehicles has reached 1.94 million, which is significantly higher than before the reform.
The guarantee liability is more comprehensive, and the liability for separate glass breakage and engine wading loss is included in the main insurance coverage.
In addition, by the end of 2021, an exclusive insurance product for new energy vehicles will be launched to support the development of the new energy vehicle industry and help achieve the "dual carbon" goal.
The China Banking and Insurance Regulatory Commission will also carry out police and insurance cooperation with the traffic control department, continue to promote the work of quick settlement and quick compensation for road traffic accidents, and continuously improve the efficiency of accident handling.
(Zhongxin Finance)